Municipal bond experts Peter Hayes and James Schwartz of Blackrock published a brief analytical note earlier this month titled "Distress In Detroit." In it they offered some stats that would make anyone cringe.

Here are eleven of them:

Detroit's population has plunged 63% since 1950.

...and it's down 26% since 2000.

The unemployment rate hit a high of 27.8% in July 2009.

As of April 2013, the unemployment rate was at 16%.

Even though the population fell 63% since 1950, the municipal workforce fell by just 40%, adding to the strain on public finances.